Opposition to the layout of a planned industrial park in Hanover County has prompted the developer to amend its site plan to include two more entrances, in addition to a previously approved access across from the main entrance of a residential subdivision.
Commercial Real Estate
Acacia restaurant building sells for $1M
With its longtime tenant on the way out, a restaurant property between the Fan and Carytown is in the hands of a new owner, whose intentions for the building remain a mystery.
Amazon-anchored Southside warehouse complex fetches $78M
The developer that turned a swath of Philip Morris-owned land on the city’s Southside into nearly 1 million square feet of prime warehouse space has unloaded the property in an eight-figure deal.
T-Mobile dialing up 131,000-square-foot call center near White Oak
The telecom giant, which already has a sizable office presence in the west end of the county, has plans to fill the shell of a former Sam’s Club in Eastern Henrico with a new office.
Stony Point Fashion Park owner falls behind on mall’s loan payments
As negotiations continue with the city for the sale of excess land around the Southside mall, a loan backed by the mall itself has slipped into delinquency.
Developers behind $265M Courthouse Landing project given more time to address concerns
A month after getting a thumbs-down from county planners, a controversial development that would add a hotel, commercial buildings and 600 homes between the Chesterfield airport and courthouse has been thrown a lifeline.
Real estate investor picks up 75 homes in $5M deal
Cava Cos., previously known as Cava Capital, closed last month on multiple transactions for 75 houses previously owned by entities tied to Ron Hunt, owner of Richmond-based Genesis Properties.
N.C.-based developer buys Branch Building downtown
The buyer focuses on redeveloping old office buildings that are on the National Register of Historic Places.
Fan B&B under new ownership, rebranding
The One Bed and Breakfast at the corner of Main Street and North Arthur Ashe Boulevard sold for more than $1 million and will reopen after renovations as The Boulevard Inn.
The Continental restaurant expanding to Southside
Johnny Giavos said his group will open the Continental Manchester, as well as a small market, likely a Stella’s Grocery, in the City View Marketplace development.